In brief
The U.S. Justice Department seized a cloud computing account that hosted backend infrastructure for subsidiaries of Cambodia's Huione Group, which it called "one of the world's most prolific criminal marketplaces."
Prosecutors say the account helped run Huione Guarantee, a Telegram marketplace that brokered stolen data, laundering services, and tools for Southeast Asian scam operations.
On the same day, FinCEN moved to extend its existing ban on Huione to a successor entity, H-Pay Service PLC, to stop the group skirting U.S. restrictions.
U.S. authorities have struck at the technical backbone of what they call one of the most prolific criminal marketplaces ever to operate online.The Justice Department on Tuesday announced the seizure of a cloud computing account used by subsidiaries of the Huione Group, a Cambodia-based conglomerate accused of helping to launder billions of dollars in proceeds from crypto investment fraud and cyber scams. The account hosted "backend infrastructure" for those subsidiaries, prosecutors said, letting criminals move and conceal funds before converting them into the banking system undetected.
